Tesla leans on SMA support - Analysis - 16-08-2018

Economies.com
2018-08-16 13:09PM UTC

Tesla's stock leaned on the support of the 50-day SMA with its latest decline, trying thereafter to vent off overbought saturation in the RSI, and recording a loss of 2.57% in the last session, or 8.95 points, amid the dominance of the upward short-term trend. 

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 386.95, as long as the support of 325.50 holds on. 

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